Ontario Teachers Pension Plan Board Invests $109.57 Million in Edison International $EIX

Ontario Teachers Pension Plan Board acquired a new position in Edison International (NYSE:EIX) during the second quarter, Holdings Channel reports. The firm acquired 1,471,725 shares of the utilities provider’s stock, valued at approximately $109,570,000. Edison International makes up approximately 0.7% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 20th biggest holding.

Several other large investors also recently added to or reduced their stakes in EIX. Navigoe LLC purchased a new position in Edison International during the second quarter worth about $113,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International in the 2nd quarter worth about $30,000. Meeder Asset Management Inc. purchased a new stake in shares of Edison International in the 2nd quarter valued at about $11,418,000. Tiemann Investment Advisors LLC purchased a new stake in shares of Edison International in the 2nd quarter valued at about $196,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Edison International in the 2nd quarter valued at about $994,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EIX. Mizuho boosted their price objective on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Truist Financial lowered their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.82.

Edison International Trading Up 3.4%

Shares of EIX stock opened at $73.73 on Wednesday. The business has a 50-day moving average price of $74.08 and a two-hundred day moving average price of $71.81. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $28.37 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s dividend payout ratio is currently 36.19%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.